Rosenblatt initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2025 | Buy | Compass Point | |
| 6/18/2025 | $1.50 | Market Perform | Northland Capital |
| 5/6/2025 | $3.00 | Buy | The Benchmark Company |
| 3/18/2025 | $2.50 | Buy | Compass Point |
| 9/18/2024 | $2.00 | Buy | B. Riley Securities |
| 9/11/2024 | $3.00 | Buy | Rosenblatt |
| 7/6/2022 | $5.00 | Buy | H.C. Wainwright |
| 6/8/2022 | $9.00 | Buy | The Benchmark Company |
Approximately US$7.8 million raised at an average price of approximately US$1.61 per ADSCompany to pause further ATM Sales through 2025 SINGAPORE, Oct. 31, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today provides an update to its at-the-market ("ATM") offering program. On October 24, 2025, Eastern Standard Time, the Company established a new ATM equity offering program to replace the previous program, which had expired. The renewal was intended to broaden Canaan's banking relationships and enhance its financial flexibility for future growth initiatives. Following the renewal, Canaan sold a total of approximately 4.84 million A
Hydro-cooled Avalon® A1566HA servers deployed at major Japanese utilityProject underscores Canaan's ability to support grid efficiency amid rising residential and data-center power demand SINGAPORE, Oct. 30, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced a 4.5-megawatt sales contract with an electrical engineering solutions provider to deploy Avalon A1566HA-488T hydro-cooled mining servers for real-time grid balancing and energy-efficiency optimization in Japan. The facility is led by a major regional utility. The Avalon servers will operate continuously to help stabilize regional power-grid load through controlled o
Delivering 300 TH/s in computing power with industry-leading energy efficiency of 12.8J/TH, the A16XP showcases Canaan's continued leadership in mining innovation and operational excellence SINGAPORE, Oct. 28, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced the official launch of its latest generation bitcoin mining machine, the Avalon A16 series ("the A16") at the Blockchain Life 2025 summit in Dubai, representing a significant advancement in mining performance and chip innovation. The newly launched Avalon A16XP air-cooled model (the "A16XP") delivers 300 terahash per second (TH/s) of computing power per unit at a p
Compass Point resumed coverage of Canaan with a rating of Buy
Northland Capital initiated coverage of Canaan with a rating of Market Perform and set a new price target of $1.50
The Benchmark Company initiated coverage of Canaan with a rating of Buy and set a new price target of $3.00
- Achieves Record-high Bitcoin Mining Computing Power of 3.8EH/s Installed as of February-end 2023 - BEIJING, March 7, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months and twelve months ended December 31, 2022. Fourth Quarter 2022 Operating and Financial Highlights Total computing power sold was 1.9 million Thash/s, representing a decrease of 45.8% from 3.5 million Thash/s in the third quarter of 2022 and a decrease of 75.8% from 7.7 million Thash/s in the same period of 2021. Revenues were RMB391.9 million (US$56.8 million), representing a d
BEIJING, Feb. 23, 2023 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2022, before the U.S. market opens on March 7, 2023. The Company's management team will hold a conference call at 8:00 A.M. on March 7, 2023, U.S. Eastern Time (9:00 P.M. on the same day, Beijing Time) to discuss the financial results. Details for the conference call are as follows: Event Title: Canaan Inc. Fourth Quarter and Full Year 2022 Earnings Conference CallRegistration Link: http
BEIJING, Nov. 14, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2022. Third Quarter 2022 Operating and Financial Highlights Total computing power sold was 3.5 million Thash/s, representing a decrease of 37.1% from 5.5 million Thash/s in the second quarter of 2022 and a decrease of 48.5% from 6.7 million Thash/s in the same period of 2021. Revenues were RMB978.2 million (US$137.5 million), representing a decrease of 40.8% from RMB1,652.7 million in the second quarter of 2022 and a decrease of 25.8% from RMB1,317.6 millio
U.S. Urology Partners announced today that internationally recognized technology leader Chris Boult has joined the company as Chief Information Officer. U.S. Urology Partners is one of the nation's largest independent providers of urological and related specialty services, including general urology, surgical and robotic procedures, advanced cancer treatment and other ancillary services. Boult will lead information technology strategy and initiatives for the rapidly growing U.S. Urology Partners clinical network which now consists of more than 50 locations throughout the East Coast and Midwest. U.S. Urology Partners partnered with NMS Capital in 2018 to support urology practices in communi
BEIJING, Sept. 13, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent auditor on September 9, 2021 and has approved the appointment of KPMG Huazhen LLP ("KPMG") as the independent auditor of the Company, effective September 13, 2021. The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the Audit Committee and the Board of Directors of the Company. The reports of PwC on the Company's consolidated financial statements as of and f
BEIJING, Aug. 2, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced the appointment of Mr. James Jin Cheng to the position of Chief Financial Officer, effective immediately. Mr. Tong He will cease to serve as the Company's acting Chief Financial Officer but will maintain his position as the Company's Director of Finance. Mr. Cheng has more than 20 years of experience in financial planning and management. Prior to joining Canaan, Mr. Cheng served as a Vice President for Zhaopin.com, a career platform in China formerly listed on the NYSE, from September 2015 to July 2021. Between September 2013 to
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